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Wipro Board Gives Nod For Share Buyback Of Rs 12,000 Cr At 19% Premium

Wipro’s Board of Directors has approved the purchase of equity shares worth Rs 12,000 crore from shareholders. One approach for businesses to reward their shareholders is through share buybacks. The company intends to present an offer to purchase up to 26,96,62,921 equity shares, or 4.91 per cent of all equity shares, at a price of […]

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Wipro To Consider Share Buyback This Week

Software services firm Wipro said it will consider a proposal for share buyback at its two-day board meeting which starts Wednesday. Share buyback is the practice where companies decide to purchase their own shares from their existing shareholders. “The outcome of the Board meeting will be communicated to the stock exchanges soon after the conclusion […]

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